Question: Select the incorrect statement regarding managerial decision-making. - Relevant information is future-oriented. - Opportunity costs represent sunk costs. - Information for each scenario must differ

Select the incorrect statement regarding managerial decision-making.

- Relevant information is future-oriented.

- Opportunity costs represent sunk costs.

- Information for each scenario must differ to be relevant.

- Relevant information can have both quantitative and qualitative characteristics.

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